Thursday, September 24, 2015

Rental Kharma will first verify your rental lease with your property manager. After verification, they will report up to the past 24 months of history to Transunion. (They are working to add Equifax and Experian).

It will report as an "Open Tradeline". If you have more than one lease or have co-signed for someone else, it will report as a "Joint" tradeline. You can have more than one tradeline added if your name is on multiple leases.

Yup, this fake debt collection scheme did it all, illegally collecting more than $5.2 million in fake payday loan debts.
Today the FTC announced that under a settlement with the agency, defendant Kirit Patel and his company Broadway Global Master, which processed payments for the scheme, will be banned from the debt collection business, and money recovered will be used for refunds. Patel also has pleaded guilty to the real Department of Justice on charges of criminal mail and wire fraud.

So how can you tell if you’re being targeted by a Fake Debt Collector? A caller may be a fake debt collector if:

you don’t recognize the debt.

you can’t get a mailing address or phone number for the collector.

you’re asked for personal financial or sensitive information.

you’re threatened with arrest or told you’ll be reported to a law enforcement agency.

You have rights when it comes to debt collection.

Tell the caller that you won’t discuss any debt until you get a written "validation notice," which has to include the amount of the debt, the name of the creditor you owe, and your rights under the federal Fair Debt Collection Practices Act.

If the debt is legitimate — but you think the collector may not be — contact your creditor about the calls. Share the information you have about the suspicious calls and find out who, if anyone, the creditor has authorized to collect the debt. If it doesn’t check out, report the call to the FTC and your state Attorney General's office.

Thursday, September 10, 2015

Portfolio Recovery and Encore Owe Massive Refunds for Violation of the Fair Debt Collections Practices Act - per the CFPB. I shed no tears and wish them all of the the best. Watch the video below. The story ran in tonight's news - WWBT 12 in Richmond VA.